Application for Tax Exemption definition

Application for Tax Exemption on non-resident’s Korean source income provided under the Korean Tax Treaty. If the Employee has already worked more than two years in Korea, he/she shall not be eligible for tax exemption.
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Examples of Application for Tax Exemption in a sentence

  • Any such Paying Agent and the Company may rely on the information provided in the Written Application for Tax Exemption (as defined below) and other documentation in the absence of actual knowledge to the contrary.

  • Payments arising after expiration of any Certification of Tax Exemption are not due until the next Application for Tax Exemption is filed with BI.

  • Notwithstanding the preceding provisions of this Section 6.6, in the event of any extended delay in approval or effectiveness of the Application for Tax Exemption, PPI may require payment of any amounts due pursuant to this Agreement after deduction of any applicable withholding taxes.

  • In order to achieve such reduction, PPI shall provide BI with an application for a certificate of tax exemption for royalties under the US-German Double Taxation Treaty performed on the official German form (Application for Tax Exemption) and signed by PPI.

  • The payments are not due until PPI provides BI with the Application for Tax Exemption fulfilling the prerequisites set out in Section 6.5 of this Agreement.

  • The payments set forth in the Article 7 (other than the equity investment set forth in Section 7.2) are not due until Transcend provides BI with the Application for Tax Exemption fulfilling the prerequisites set out in Section 7.8 of this Agreement.

  • Notwithstanding the preceding provisions of this Section 7.9, in the event of any extended delay in approval or effectiveness of the Application for Tax Exemption, Transcend may require payment of any amounts due pursuant to this Agreement net of any applicable withholding taxes.

  • The Certificate for Filing a tax return (IRS Form 6166) shall be enclosed with the Application for Tax Exemption.

  • In order to achieve such reduction Transcend shall provide BI with the claim for a certificate of tax exemption in respect of royalties performed on the official form (Application for Tax Exemption) containing the statement of residence and indication of the taxpayer's identification number as well as the Certificate of Filing a Tax Return, in which Transcend confirms that it does not derive the royalties through a permanent establishment maintained in Germany.

  • In addition, a copy of the organization’s Application for Tax Exemption must also be available.

Related to Application for Tax Exemption

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Exemption-Favored Party Any of (i) Xxxxx Fargo Securities, (ii) RBSSI, (iii) any Person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Xxxxx Fargo Securities or RBSSI and (iv) any member of any underwriting syndicate or selling group of which any Person described in clauses (i), (ii) and (iii) is a manager or co-manager with respect to a Class of Certificates.

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • U.S. Tax Certificate has the meaning assigned to such term in Section 2.17(f)(ii)(D)(2).

  • Federal Tax Certificate means the Issuer's Federal Tax Certificate dated as of the Issue Date, as the same may be amended or supplemented in accordance with the provisions thereof.

  • Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • UK Tax Confirmation means a confirmation by a Lender that the person beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document is either:

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated February 21, 2006 as supplemented by the prospectus supplement dated February 23, 2006, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

  • QPAM Exemption is defined in Section 6.2(d).

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Qualifying Examination means examinations on the basis of which a candidate becomes eligible for admission or its equivalent examination;

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • IRS means the United States Internal Revenue Service.

  • Intended Tax Treatment has the meaning set forth in the Recitals.

  • Additional Disclosure Notification The form of notification to be included with any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure or Form 8-K Disclosure Information which is attached to this Agreement as Exhibit W.

  • Presumed Tax Rate means the highest effective marginal statutory combined U.S. federal, state and local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income).